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Morningstar sees 23% upside for Verizon stock

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  1. Verizon Communications stock has a fair value estimate of $54 according to a new Morningstar research report.

  2. The fair value estimate implies an upside of more than 23% from the stock's last close.

  3. VZ stock fell in premarket trading despite the positive outlook.

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Rajeev Chandrasekhar

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Morningstar sees 23% upside for Verizon stock · in5points